The author attempts to reconstruct the money demand theory in the context of “debt demand,” by discussing the money … demand of households and the debt demand of enterprises separately. This paper outputs the money demand function of the … the analysis of income and consumption mismatch in economic entities. In addition, money velocity is internalized by …

Introduces a new theoretical construct, The Quantity Theory of Credit, discusses how paper money creation is the only …

supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4 …) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by …